Insurance Archives - Page 8 of 20

Roughly once a month or so, we get asked the question whether septic tanks or wells are covered under a home insurance policy. Generally speaking, most standard home insurance policies written on an HO3 form either do or can provide coverage for these items. The coverage provided is contingent upon...

Almost every week we have customers call in who are looking to purchase a home, but the home has some existing damage or some component of the home is outside of insurance guidelines that would generally make the home uninsurable – such as an old roof. The concern is that...

If someone runs into your car and it turns out that they’re an uninsured motorist, do you know which coverage you need on your insurance policy, in the State of Florida, to ensure your vehicle is fixed? And the answer isssss… It’s collision coverage. Most people mistakenly believe that since...

Most standard home insurance policies in Florida are written on an HO3 form. This is commonly referred to as a special coverage form or an open perils form. These policies commonly have verbiage that states that the insurance company will “insure for sudden and accidental direct loss to property”. However,...

Subrogation is a term commonly used in the insurance industry for when a customer files a claim on their insurance policy, the insurance company pays for the damages but then determines that the liability can be assigned to a third party. Want an example? Many years ago, I had a...

I was recently on the phone finalizing a home insurance policy for a customer when the customer told me that instead of doing some remodeling, like we had originally discussed, that he and his wife had decided to bulldoze the entire home to build their dream home. Assuming the customer...

Insurance

Helping You Stay Informed - Insurance Simplified.

Let's Get Started Now. It's FREE!